Keep those 👀 on the 09/03 expiry PE OTM—watch it flirt with 22.7K-22.6K. CE? Hanging by a thread, honey! If Gift Nifty slips below 23K, tomorrow’s 2H candle is coming for its last leg, and PE is about to pop off.
Oh, and don’t get it twisted—this is just a hypothetical scenario, not a tip.
Hellooo, is it just me, or did everyone vanish? 👋🏻 Welp, 03 CE just got yeeted. Next up, 09 and 17 expiry CE are chilling near the mean—once that cracks, they’re getting wiped too. More fall, more premium PE.
Option 1: If 03 PE decides to play nice and snap back to the mean, CE gets a breather.
Option 2: If it says “nah” and breaks minor 1D support 22.8K, 09 CE is getting sent straight to the trenches.